Our analysis is intended to shed light on the issue of whether monetary policy contributed to the recent housing boom and bust. We have estimated and analyzed a model that allows a comparison between actual policy and several alternative Taylor Rules. When the Taylor Rule path was computed using...

Becker posits the "potential demise" of the undergraduate economics major. In his view, the one-two punches of "preachy" lectures on "uncool" topics are seen as delivering knockout blows to the economics major. I argue that it's not clear that Becker has made a strong case for the impending...